The U.S. Dollar has recorded an uptick in activity these past weeks, but that hasn't accurately translated into a significant productive course from the benchmark currency. The greenback plunged on the back of a stable euro, though optimism for a thaw in Sino-U.S. trade war helped equity markets, limiting bullion's gains. On Monday, the economic calendar is a bit light as investors are expecting just manufacturing figures from China during the Asian session. Rest of the day is likely to "price in" the rate cut sentiments from the Federal Reserve, which is due on September 19, Thursday. It's been a whole week now; the BTC/USD traded in narrow ranges of 10500 - 10200. Bitcoin is trading at its current price of $10,350, and it's trying to push up against its next resistance level of $10,400. Bitcoin closed the week around 10292, right in the middle of upper and lower levels — the leading indicators such as RSI (Relative Strength Index) is holding into the selling zone, below 50 levels. This suggests the bearish bias among traders. However, the 50 periods EMA is indicating support around 10259. Support Resistance 9,912.98 10,301.69 9,731.37 10,508.79 9,342.66 10,897.5 Pivot Point 10,120.08 Last week, everyone was concentrating on the European Central Bank's rate decision, perhaps that's the reason we didn't see much movement in the Cryptocurrencies. The BTC/USD is now trading in the Symmetric Triangle Pattern, which is supporting the leading cryptocurrency at the 10,000 level along with resistance at 10,400 level. Last week, the European Central Bank declared a further stimulus package to underpin the slowing economy. For this reason, the ECB cut the interest rates and also allowed 20B worth of bond-buying program to help boost eurozone growth. Many of you might be wondering, what caused a bullish reversal in the EUR/USD? Well, the ECB meeting result was broadly in line with our earlier forecasts. We forecasted two changes: The f.irst variation was in the Asset buying program and Deposit Rate Cut. Therefore, investors started selling the single currency Euro on sentiments. However, as per the actual outcome, the volume of EUR 20bn was on the weak side. The ECB also did not address the ending limits of this stimulus plan, which can be a burden on the Euro in the coming days. This week, we may see EUR/USD trading on a bullish side as investors are now focusing on the dovish FOMC sentiments, which is due later this week. On Friday, the single currency Euro took a sharp bullish reversal to close the week at 1.1074 area. Let's look at the technical side of the market below. Support Resistance 1.1033 1.1062 1.1017 1.1075 1.0988 1.1105 Pivot Point 1.1046 Technically, the EUR/USD is trading right above the resistance become support level of around 1.1074. The RSI is holding in the overbought zone, suggesting the odds of bearish reversal. But the Doji candle above 1.1060 is supporting the direct currency Euro. Above 1.1070 level, the EUR/USD can drive the bullish trend in EUR/USD until 1.1125 and 1.1150 area. On Friday, the GBP/USD currency pair has surged for another week, ending Friday 1.2449, its highest since last July. The Sterling jumped on revived concerns the UK may get a way to transform the Irish backstop. During the previous week, EU’s prime negotiator Michel Barnier stated that there's no reason for resuming regular negotiations. Confidence was underpinned by a drooled story implying that the EU is ready to allow another delay on Brexit to bypass a no-deal. Additionally, the latest developments indicate that UK PM Boris Johnson is preparing to obtain a settlement with the European Union. This appends to signs that the government is running away from a hard-Brexit. In the meantime, Johnson is set to refuse any deadline delay. Beginning this week, the UK will publish the September Rightmove House Price Index, nothing that can seriously change Sterling’s trend. Support Resistance 1.2321 1.2594 1.214 1.2687 1.1867 1.296 Pivot Point 1.2414 GBP/USD – Daily Forecast As you can see in the chart above, the GBP/USD has already violated the sideways channel, which was keeping Sterling steady below 1.2380. The immediate resistance is likely to be around 1.2520 and 1.2560. While support can be seen around 1.2380. The RSI is massively overbought, so we may see GBP/USD going towards 1.2450 area before continuing bullish trends. All the best for today.

It was a pretty volatile day as the market reacted dramatically on the release of ECB rate decision on Thursday. The ECB declared a quantitative easing (Q.E.) plan that involves 20 billion euros per month. The central bank also lowered its primary deposit rate by ten basis points to -0.5%, in line with investor forecasts. Besides, the U.S. President Donald Trump used the events to repeatedly blame the Federal Reserve of not extending enough support to the U.S. economy. Today, the market will be focusing on U.S. retail sales and core retail sales data to determine future trends.   On Friday, the Bitcoin is trading bullish, after trading sideways for a week. The market focus was mostly stuck at the ECB policy decision, which is finally over. BTC/USD surged over 2% at its current value of $10,315, which indicates a wave from its immediate lows of $10,000 that was set yesterday. Bitcoin finally made a slightly bullish move to place a high of around 10470. It has crossed the 50 periods EMA on the upper side, which is signalling a bullish bias among crypto traders. On the technical side, the BTC/USD may show a slight retracement ahead of showing a continued bullish trend. Support Resistance 10,055.76 10,785.19 9,768.66 11,227.52 9,039.23 11,956.95 Pivot Point 10,498.09 The BTC/USD has not changed much as investors focus stayed on the ECB monetary policy meeting, which drove massive movements in the gold and EUR/USD. Bitcoin continues to gain bullish momentum to trade below double top resistance area of around 10400. The violation of this level can extend bullish rally until 10770 and 10925 areas. Elsewhere, support can be seen around 10350. Bullish bias seems strong today. The European Central Bank confirmed a further stimulus package as anticipated on Thursday, lowering interest rates and allowing a new series of bond-buying program to help boost eurozone growth and prevent a worrisome decline in inflation forecasts. The ECB meeting outcome was widely in line with our previous forecasts. The first variation was in the Asset buying program. The volume of EUR 20bn was on the weak side, and the point that the ECB did not address increasing the issuer boundaries will be a pressure on the program moving forward. The package was a reply to the further protracted instability seen in the Euro-area market, which was further demonstrated in earthward updates to staff estimates and attempted to tie inflation estimates close to the ECB's aim. As a result, the EUR/USD took a sharp bearish turn but reversed to trade at its initial selling level of around 1.1065. Let's look at the technical side of the market below. Support Resistance 1.1012 1.1049 1.0997 1.1072 1.096 1.111 Pivot Point 1.1035 European Central Bank has voted to restart its Q.E. program and hit banks with deeper negative interest rates to make them lend. The initial response was pretty bearish, but it was something every investor was expecting. Therefore, the EUR/USD pair reversed to trade at the same old zone of around 1.1060. For now, the violation of 1.1070 level can drive the bullish trend in EUR/USD until 1.1125 and 1.1150 area. On Friday, the British Pound continues to trade sideways within a narrow trading range of 1.2380 - 1.2330. Investors focus mostly shifted towards the ECB rate decision and fresh stimulus program, which somehow dragged all the attention and trading volume towards the EUR/USD pair. Fundamentally, the Sterling is still on the weaker side over Brexit uncertainties. The United Kingdom may suffer interruption to drug stocks, escalating food expenses, and possibly public jumble on its roads in the event of a no-deal Brexit. British PM Boris Johnson's government showed that estimate in August and later specified the situation as a "base-case" one. Well, previously the British government refused the forecasts – called "Yellowhammer" and published by the Sunday Times – as outmoded. The government should have taken it seriously to avoid such uncertainties. By the way, the investors are feeling less confident of keeping their funds in the British Pound until everything is resolved. Support Resistance 1.2264 1.233 1.2238 1.237 1.2171 1.2436 Pivot Point 1.2304 GBP/USD – Daily Forecast Sterling still has strong support at 1.2300, and the bearish breakout can trigger a sell-off until 1.2255. While the continuation of a bullish trend and breakout of 1.2370 resistance can lead GBP/USD towards 1.2400 and 1.2424. All the best for today.

Finally, the wait is over, and the European Central Bank is likely to reveal it's interest rate later in the day. On Wednesday, the U.S. dollar index climbed on as U.S. security yields extended its bullish run on inflation data. Whereas, the reversal in the loonie amid sinking WTI crude oil prices also boosted the Greenback. Overall, the dollar index that estimates the Greenback strength against a trade-weighted basket of six major currencies increased by 0.33% to 98.65. Most of the bullish trend in the dollar was triggered on the back of the producer price index, which increased by 0.1% last month, in line with economists' estimates. The BTC/USD hasn't changed so far after it gradually decreasing and broke above the $10,000 resistance area versus the U.S. Dollar. The price is experiencing challenges to cross over the bearish trendline resistance areas. It might extend to struggle around $10,450 and $10,800. Looks like, we don't have much demand for the leading cryptocurrency as investors are eyeing the ECB and stock markets amid risk-on sentiments. Speaking about the technical side of the market, the BTCUSD has not changed much. It continues to trade sideways trade below 50 periods exponential moving average, which is extending strong resistance at 10,400. Below 10,400 trading level, the Bitcoin is likely to go after 9,820. The RSI and Stochastics have entered the selling zone, crossing below 50 regions. Support Resistance 10,055.76 10,785.19 9,768.66 11,227.52 9,039.23 11,956.95 Pivot Point 10,498.09 On the daily timeframe, the BTCUSD is getting strong support above the triple bottom level of 9920. Resistance is likely to stay at the same level of around 10250. Sentiment will remain mixed until we have a bullish breakout above 10250 as it may open further room for buying until 10,355 and 10,402. Whereas, below 10,250 BTC can remain bearish until 9985. On Thursday, the market is all about ECB monetary policy decision which is due later in the European session today. The single currency Euro suffered dramatically to fall from 1.1066 area to 1.0980 zones on the back of rate cut sentiments. The European Central Bank (ECB) will declare its verdict at 11:45 GMT, which is also followed by a press conference with ECB President Mario Draghi at 12:30 GMT. Most of the measures are likely to be released at 11:45 GMT via minimum bid rate and monetary policy statement. However, if ECB decides to keep the rate unchanged, then the Press Conference will be worth monitoring for forwarding guidance. Support Resistance 1.1012 1.1049 1.0997 1.1072 1.096 1.111 Pivot Point 1.1035 The ECB is due to release it's monetary policy decision today, and the market is expecting a rate cut or a dovish statement from ECB. Which is why we see a sharp bearish trend in the EUR/USD. Today is a momentous day and EUR/USD trading heavily depends upon the rate decision. The rate cut by ECB can trigger sell-off until 1.0925 while no rate and neutral policy can drive sharp buying in the EUR/USD until 1.1064 and 1.1155. GBP/USD has been trading sideways within a narrow trading range of 1.2380 - 1.2330 as investors didn't find any significant reason to trade the Cable. Overall, the fundamentals impacting the Sterling is related to Brexit theme. Since the Parliament is closed, the market is expecting one thing: NEWS! The higher number of news will drive a significant amount of volatility in the market, and it's good for us to capture a breakout in GBP/USD. Wait for headlines, concerning the Irish border, hard Brexit, soft landing Brexit, and the identical to drive further trends in the GBP/USD. Support Resistance 1.2264 1.233 1.2238 1.237 1.2171 1.2436 Pivot Point 1.2304 GBP/USD – Daily Forecast Sterling hasn't moved much, and technical levels are almost the same. Sterling still has strong support at 1.2300, and the bearish breakout can trigger a sell-off until 1.2255. While the continuation of a bullish trend and breakout of 1.2370 resistance can lead GBP/USD towards 1.2400 and 1.2424. All the best for today.

On Wednesday, the Asian session was a bit fragile as investors don't see any significant economic event which could shake the market. Weak trader's confidence has boosted the dollar and weakened the safe-haven yen lately. Nevertheless, forex markets held to narrow trading ranges before series of main central bank gatherings across the week. Trade focus, for now, is centered on the European Central Bank's meeting, which is due on Thursday, which is expected to push interest rates even further into negative territory.     Bitcoin price is gradually decreasing and lately broke the $10,000 support area versus the U.S. Dollar. The price is suffering a difficult task, and it might extend to struggle around $10,250 and $10,300. There is a primary bearish trend line building with resistance around $10,250 on the hourly timeframe of the BTC/USD pair. The technical side of the market remains the same, mostly. The BTC/USD proceeds to trade below 50 periods exponential moving average, which is extending strong resistance at 10,400. Below 10,400 trading level, the Bitcoin is likely to go after 9,820. RSI and Stochastics have entered the selling zone, crossing below 50 regions. Support Resistance 10,055.76 10,785.19 9,768.66 11,227.52 9,039.23 11,956.95 Pivot Point 10,498.09 Bitcoin slipped lower to complete 61.8% Fibonacci retracement at 9906 area but has managed to close above the support zone. On the upper side, resistance stays at 10,250. The bearish bias is stronger today, and therefore, the violation of 9906 can extend the selling trend until 9625. The EUR/USD currency pair still consolidates in a narrow range due to all-important rate decisions by the European Union central bank, which is scheduled to release at 11:45 UTC on Thursday. As of writing, the currency pair is presently trading at 1.1050 and showing marginal losses today. Today, the EUR/USD currency pair built a Dojis candle, showing uncertainty in the market and from that time the currency pair has been restricted between the range of 1.1085-1.1017. On the flip side, the European Central bank is awaiting more stimulus on Thursday in the way of the rate cut. So the markets are fully sure for a 10-basis points rate cut in the deposit rate to -0.5% from the current -0.4%. Also, the central bank is thinking about to restart the quantitative rate cut program from October and declare on the same day. From the technical perspective, the EUR/USD currency pair is caught in a tight range on the four-hour chart. A break above level 1.1056 would confirm range breakout and could hit the level of 1.1085. Therefore the breakdown may give the selling pressure in the pair, likely Yeilding retest of the level below 1.10. Support Resistance 1.1012 1.1049 1.0997 1.1072 1.096 1.111 Pivot Point 1.1035 The single currency Euro is likely to trade with bearish sentiment below 1.1060, the double top pattern. On the lower side, support prevails at 1.1025. Since the bullish sentiment is a bit stronger, pair may hit 1.1088 in case of the bullish breakout at 1.1060 level today. GBP/USD currency pair showing 0.1% gains to 1.2353, the GBP/USD pair gained some support due to the parliament prorogation and cancelling the law of no-deal Brexit. But due to various tensions like political plays surrounding the departure and the PM Boris Johnson future keep the figures under pressure, whereas the pair is trading at 1.2350 on the chart in the early London open today. Besides this, the United Kingdom Prime Minister Boris Johnson is still under pressure, such as due to domestic politicals and the European Union, after he wasted all kinds of proposals supporting his commitment to depart the European Union on October 31 without any options anymore. Moreover, the news came from the sun says that Prime Minister Boris Johnson is possibly taking the negotiated Brexit deal to give a new push for his dream exit date. On the flip side, the Greenback expects the key consumer-centric data, the Europen Central Bank meeting for the new inspiration whereas mostly being away from the buyers due to having expectations of the United States and China trade discussion. We can say, the Augusts producer Prices Index data may offer intermediate trade support to the GBP/USD currency pair. At the data front, Estimates favor headlines PPI to continue to unchanged at 1.7% (YoY) and soften a bit to 0.0% from 0.2% on MoM whereas PPI ex-Food & Energy is likely increasing to 2.2% from 2.1% on a yearly format. Support Resistance 1.2264 1.233 1.2238 1.237 1.2171 1.2436 Pivot Point 1.2304 GBP/USD – Daily Forecast Most of the market sentiment is same. Sterling still has strong support at 1.2330 and the bearish breakout of which can trigger a sell-off until 1.2275. While the continuation of a bullish trend and breakout of 1.2370 resistance can lead GBP/USD towards 1.2400 and 1.2424. All the best for today.

The U.S. dollar index sailed lower as traders risk appetite increased after the forex gained support on a statement of German stimulus plans, reducing uncertainties of a no-deal Brexit and expectations of an invention in the Sino-U.S. trade war. Risk-On Sentiment The risk sentiment is turning has shifted from risk-off to risk-on, primarily due to lack of developments in the U.S. China trade war and Brexit. Moreover, the CPI figures from one of the worlds biggest economy China has been optimistic. China's consumer price index (CPI) mounted above the trend in August. According to the National Bureau of Statistics, China's CPI increased by 0.7% in August, up from 0.4% in July.   Bitcoin (BTC) has been consolidating in a narrow range for the better part of the day. Bitcoin seems to be staying over the $10,300 price point. The coin marked a low of $10,080 prior ahead of moving to an intraday high of around $10,400 and is currently trading at $10,354, dispensing a tiny loss of 0.41% on the day. The technical side of the market hasn't changed much as the BTCUSD continues to hold below 50 periods EMA, which is extending strong resistance at 10,400. Below this level (10,400), the Bitcoin is likely to go after 9,820 level as the RSI and Stochastics have entered the selling zone, crossing below 50 regions.   Support Resistance 10055.76 10785.19 9768.66 11227.52 9039.23 11956.95 Pivot Point 10498.09 The BTC/USD is holding in below strong support become resistance level of 10,450 level, and on the lower side, the immediate support is prevailing at 10,050. The leading cryptocurrency is likely to continue trading within this range. However, the bearish breakout can trigger sell-off until 9,890, and bullish breakout may lead it towards 10,789. The single currency Euro continues to trade sideways within a narrow trading range of 1.166 and 1.1020. The pair rallied a bit on Monday from 1.1020 level. At this point, I believe there is loads of resistance around 1.1060 level that will proceed to produce issues, so consequently, I predict that the market will run into many barriers. The 1.11 EUR level extends massive resistance on the 4 hourly timeframes, and I think that the 50 days EMA moving towards that level will proceed to produce some hurdles for the Euro. Considering this, I believe it's implausible that we go much higher, and I will see for hints of exhaustion to take advantage of the market.   Support Resistance 1.1012 1.1049 1.0997 1.1072 1.096 1.111 Pivot Point 1.1035 A day before, the EUR/USD completed bearish retracement at 1.1030 level and bounced off to trade at 1.1050 trading level. For now, the EUR/USD faces the initial resistance at the 1.1074/84 bands, the double top level completes, and this time it will become the triple top. I would be bullish above 1.1035 level to target 1.1060 and 1.1100 in case of bullish breakout today. On Monday, the British Government has affirmed Parliament will be suspended from Monday 09 until October 14. The movement to prorogue Parliament devises the Prime Minister Boris Johnson independence to explore ways to legitimately bypass having to request the European Union for another Brexit delay. Therefore, the British Pound has been an uprising against its peers such as Euro, Greenback and other major Forex pairs as investors judge the Brexit swing has once again turned away from a 'no deal' Brexit. On Tuesday, the technical side of the market continues to stay bullish after the GBP/USD managed to close 4-hour candles above the 1.2330 support area. The RSI and Stochastic levels are holding above 50, suggesting bullish bias among traders. During the 50 periods, EMA is also indicating the bullish trend in GBP/USD. GBP/USD - Daily Technical Levels Support Resistance 1.2264 1.233 1.2238 1.237 1.2171 1.2436 Pivot Point 1.2304 GBP/USD – Daily Forecast Sterling has strong support at 1.2330 and the bearish breakout of which can trigger a sell-off until 1.2275. While the continuation of a bullish trend can lead GBP/USD towards 1.2400 and 1.2424. All the best for Monday.

On Monday, the dollar was restricted to a tight range versus the yen as traders considered the prospect of U.S. interest rate cuts against their demand for safe-haven assets. The U.S. Labor Department announced that the economy scored 130,000 non-farm payrolls in August (vs +160,000 expected, +159,000 in July) and the jobless rate was steady at 3.7% (as expected). U.S. government bond rates rose following the report that non-farm payroll addition was smaller than anticipated. The benchmark 10-year Treasury yield dipped to 1.552% from 1.569% Thursday.     The leading cryptocurrency Bitcoin (BTC) lower, but mostly keeping it's trading sideways within a wide trading range of 10,650 - 9,500. The pair continues to eye $11,000, with mostly registering minor gains on the day. The recent move from $9,350 to $10,800 brought Bitcoin price beyond the 50-day MA. Earlier, it was bound within the 50 and 100 days MA. As BTC made a big run at $11,000, a spike in bear volume broke BTC, but buyers walked in and swallowed the dump. BTC is maintaining the range it’s been in for the last week, and $10,500 now acts as resistance whereas previously it functioned as support.   Technically, the BTCUSD is likely to go after 9,820 levels, but before this, we may experience a slight bullish retracement in Bitcoin. The RSI and Stochastics, both of the leading indicators have entered the selling zone; in fact, it's entering the oversold zone now. Investors seem to have done doing profit takings; we may experience a continuation of a bullish trend now. Support Resistance 10,055.76 10,785.19 9,768.66 11,227.52 9,039.23 11,956.95 Pivot Point 10,498.09 Bitcoin could drop below the 20MA at $10,167. This could lead to a pullback to $9,469-$9,350, which would be a full retrace of last week’s action. he EUR/USD currency pair is sidelined near the ten-day moving average of 1.1027 and having failed to hit the Moving Average line during the last two tradings days, mainly due to German trade data. The German data which is due to release at 06:00GMT is expected to release the exports or outbound shipments fell by 0.5 month on month during the July, after a decline of 0.1% during the June. Besides this, imports or inbound shipments are marked decreasing by 0.3% in July, and During June having increased by 0.5%. Germany's Trade Balance s.a. (Jul) is anticipated to decline to €17.5B from €18.1B. Therefore, the decline in exports would not be surprised. Even because of Germany's manufacturing Purchasing Managers' Index (PMI) has declined to a 7-year low during the month of July, mainly due to the high drop in export orders since 2009. However, the shared currency may come under pressure if came the unexpected decline in German imports increasing worries of recession in the Eurozone's manufacturing powerhouse. In short, weak imports is a big reason for the broader consumption recession. It should be noted that the European Central Bank is awaited to device the rate cut and announce another serious of bond-buying. The dovish expectations would only increase with weak German data. Support Resistance 1.1012 1.1049 1.0997 1.1072 1.096 1.111 Pivot Point 1.1035 The EUR/USD has completed bearish retracement at 1.1030 and even soared higher to 1.1038. Now, the oversold currency pair is likely to face profit takings. EUR/USD faces the initial hurdle at the 1.1074/84 bands, where align last week’s top and the 21-day SMA. A rebound beyond this area should open the door for a test of key resistance line, today at 1.1132. Let's stay bullish above 1.1035 today On Monday, the British Pound continues to trade sideways within a narrow trading range of 1.2250 - 1.2330. The pair has completed 23.8% Fibonacci retracement at 1.2250 but didn't trade much after that as investors await UK PM Boris Johnson meeting with the Irish PM Varadkar later. Before his meeting with the Irish PM Varadkar today in Dublin, the British PM Boris Johnson came out on the lines, remarking that “we will bring forward other ideas to address the complexity of the Irish border”. On the technical front, the Cable is trading slightly bullish after placing a low around 1.2249. The big Doji candles which has closed above 1.2249 is suggesting odds of a bullish reversal. Whereas, the RSI and Stochastics are staying in the oversold zone, demonstrating bullish bias is looming around the corner. GBP/USD - Daily Technical Levels Support Resistance 1.2264 1.233 1.2238 1.237 1.2171 1.2436 Pivot Point 1.2304 GBP/USD – Daily Forecast The GBP/USD is likely to exhibit bearish trend until 1.2250, the 23.6% Fibo level and continuation of this can extend sell-off until 1.2200. I will be looking to take a sell position below 1.2320 to target at least 1.22750 today. All the best for Monday.

On Friday, the financial markets are all about trading the U.S. Non-farm payroll. A day before, greenback extended its fall on following disappointing manufacturing data, helping the euro to recover from more than two-year lows. The dollar kept on falling despite stronger private (ADP) labor market reports. Whereas, the British Pound also rallied, recovering some of its losses after the latest parliamentary effort to stop a no-deal Brexit. Economic Calendar – U.S. Non-farm Payroll on Radar EUR/USD – Oversold Pair Recovers, What's Next? The EUR/USD currency pair continued its bullish streak and climbed to 1-week highs during the last hour, although some pips immediately retreated due to upbeat US ISM PMI. After a decline during the opening market to the nearness of the key 1.10 psychological mark, the EUR/USD currency pair recovered positive resistance and hit the weeks solid rebound from the twenty-eight-month lows. As well as, the current selling bias in greenback, even after a strong intraday uprising in the US treasury bond yields, was marked as one of the key factors pushing the EUR/USD pair higher. The greenback buyers are not seemed happy by Thursday's stronger United States ADP report, representing that the private sector unexpectedly increases the employment rate added 195k jobs during August. After this, ISM non-manufacturing PMI released, which jumped to 56.4 during August as somewhat against to 54.0. However, it should be noted that if the EUR/USD currency pair is capable to continue its increases or able to take some weakness because traders keep their eyes on the official US monthly jobs report which is famously known as NFP which may provide a fresh way. EUR/USD - Daily Technical Levels Support Resistance 1.0992 1.1058 1.095 1.1081 1.0884 1.1147 Pivot Point 1.1015 The major currency pair EUR/USD has completed bullish retracement until 61.8% Fibonacci level at 1.1060. The pair has closed a reversal pattern with a long wick on the upper side, which is suggesting a bearish bias among traders. The pair may drop until 1.1015 before keeping up with a bullish reversal. On Friday, the Bitcoin (BTC) continues to trade sideways within a narrow trading range of 10,650 - 10,350. The pair continues to eye $11,000, with mostly registering minor gains on the day. Bitcoin (BTC) price hasn't moved much was testing support at $10,500 on Sept. 4 after its latest move upwards began to stabilize. After displaying an extraordinary price movement of violating 9890 on Wednesday, the Bitcoin is holding in a narrow range of 10,750 to 10,350. Speaking about the technical side, the BTCUSD is likely to go after 11000 levels, but before this, we may experience a slight bearish retracement in Bitcoin, and that's exactly what BTC is doing right now. The RSI and Stochastics, both of the leading indicators have come our of the bullish zone; in fact, it's entering the oversold zone now. Investors seem to have done doing profit takings; we may experience a continuation of a bullish trend now. Support Resistance 10,401.74 10,885.72 10,104.25 11,072.21 9,620.27 11,556.19 Pivot Point 10,588.23 The BTC/USD violated the resistance level of 10,450, and it was expected to reach below the next target level of 10,850. The target level is already met, and now BTC/USD can experience slight correction until 10,447 and 10,244. While the resistance remains the same around 10,850. During the U.S. session, the GBP/USD currency pair continued its strong buying tone and the pair s presently trading around 1.2300s placed at 5-week highs. The GBP/USD currency pair created a solid rebound during this week from the almost 3-year lows and still trading on the recovery track for the 3rd consecutive session on the day between decreasing fears of a no-Brexit deal. It should be noted, that the United Kingdom parliament announced the law for that reason the United Kingdom Prime Minister Boris Johnson ask the European Union to delay the Brexit deadline for 3-months. Whereas, the bullish track got another boost when Boris Johnson's brother Jo resigned from the government and gave another shock to Boris Johnson, who has already no many voters and lost 3 important votes during this week in the parliament. Buyers got some peace near mid-1.2300s and keep their eyes on the US economic docket, featuring the release of ISM non-manufacturing PMI report and ADP report for some short-term trading reasons. Support Resistance 1.2141 1.2306 1.2036 1.2366 1.1871 1.253 Pivot Point 1.2201 The Cable has surged dramatically amid a weaker dollar to violate the double top resistance area of 1.2304 area. The leading technical indicators such as RSI and Stochastic are stuck in the overbought zone, suggesting bulls may get exhausted soon. Therefore, we may experience selling in the GBP/USD until 1.2260 and 1.2210. Let's keep an eye on 1.2300 to stay bullish above and bearish below this level.

The U.S. dollar fell during the previous session after New York Federal Reserve President John Williams said the economy looks "weaker than previously thought" and the central bank needs to stay flexible. His remarks were enough to drive sharp bearish moves in the dollar and bullish moves in the precious metal gold. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.5% to 98.415. Today, the market will be focusing on the advance NFP figures and crude oil inventories from the United States to drive further trends in the market.     On Thursday, the leading cryptocurrency Bitcoin (BTC) continues to trade sideways within a narrow trading range of 10,650 - 10,350. The pair continues to eye $11,000, with mostly registering minor gains on the day. Bitcoin (BTC) price was testing support at $10,500 on Sept. 4 after its latest move upwards began to stabilize. After displaying an extraordinary price movement of violating 9890 on Wednesday, the Bitcoin is holding in a narrow range of 10,750 to 10,350. Speaking about the technical side, the BTCUSD is likely to go after 11000 levels, but before this, we may experience a slight bearish retracement in Bitcoin, and that's exactly what BTC is doing right now. The RSI and Stochastics, both of the leading indicators have come our of the bullish zone; in fact, it's entering the oversold zone now. Investors seem to have done doing profit takings; we may experience a continuation of a bullish trend now. Support Resistance 10401.74 10885.72 10104.25 11072.21 9620.27 11556.19 Pivot Point 10588.23 Recalling the previous forecast, the BTC/USD violated the resistance level of 10,450, and it was expected to reach below the next target level of 10,850. The target level is already met, and now BTC/USD can experience slight correction until 10,447 and 10,244. While the resistance remains the same around 10,850. EUR/USD currency pair hit the short term bullish reversal ahead of German data scheduled for release at 06:00 GMT. As of writing, The German data is due to release at 06:00 GMT is expected to present the Factory Orders dropped at a seasonally adjusted 1.3% year-on-year in July, following a 3.36% slide in June. The headline IHS Markit and BME Germany Manufacturing PMI – a single-figure snapshot of the performance of the manufacturing economy – dropped to the 7th-year low of 43.2 during July, mainly due to the steepest decline in new export orders since 2009. It should also be notedinvestors are buying risk due to new doubt on the possible United States and China trade war resolution and the declining possibility of a hard Brexit. Besides this, the unexpected bigger decline in the german Factory Orders is needed to put EUR under pressure. The Shared Currency could increase towards the resistance at 1.1064, due if the Factory Orders deliver the figure according to forecast or blow past expectations. The Factory orders released y the Deutsche Bundesbank is a hint that included shipments, inventories, and new orders.   Support Resistance 1.0954 1.0989 1.0939 1.1008 1.0904 1.1043 Pivot Point 1.0974 As suggested earlier, the EUR/USD has completed bullish rally until 1.1020 and even soared higher to 1.1038. Now, the overbought currency pair is likely to face profit takings. We may see a slight retracement in EUR/USD until 23.6% retracement at 1.1011 and 38.2% retracement at 1.0995 before having further bullish waves. A bullish breakout of 1.1038 can lead pair towards 1.1065. The GBP/USD currency pair pullback to 1.2240 and hit the one-week high. The GBP/USD currency pair recently climbed due to the United Kingdom's official voted to avoid the no-Brexit deal. While the members of the parliaments discussed many bills regarding no -Brexit deal and coming elections at the House of Commons. On the other hand, markets also supported repeated uncertainty surrounding the United States and China trade due to representatives from both sides agree to meet in October. However, China's media shows to doubt any breakout from the discussions. At the Honk Kong front, Additionally, news reports that the Hong Kong leader has finally accepted to dismiss the bill that started to protests at home offered further support to the risk-on. As well as, risk tone continues to positive with nearly 4-basis points (bps) of increases to 1.51% mark of the US ten-year Treasury yield by the press time. Support Resistance 1.201 1.2149 1.1953 1.2231 1.1814 1.237 Pivot Point 1.2092 GBP/USD is challenging the 1.2243 level as the market is trading above its main SMAs. If buyers overcome 1.2243, the market is set to move up towards 1.2274 and 1.2314 resistance levels, according to the Technical Confluences Indicator. TheGBP/USDpair is hanging just above the 1.2220 level, and the 4 hours chart shows a Doji pattern followed by a bullish reversal. We may see pair falling towards 1.2188, the 38.2% Fibo level. Let's stay bearish below 1.2250 and bullish above the same to target 40 pips on both sides.

During the early Asian session, the U.S. dollar gave up a two-year high reached on Wednesday versus a basket of six major currencies to trade at 98.915. Besides, the index also gave up ground to the yuan and steady against the euro, with one euro buying $1.0975. The British pound slipped dramatically on Wednesday in the wake of a parliamentary vote removing the door for another Brexit delay, while the dollar drifted lower after soft manufacturing data generated sentiments of aggressive U.S. policy easing. On the technical side, the focus stays on a series of high impact economic events such as monetary policy decisions from the Bank of Canada, U.K's Inflation Report Hearings and Trade Balance figure from Canada. On Wednesday, the leading cryptocurrency Bitcoin (BTC) continues to eye $11,000, with mostly registering minor gains on the day. The price of Bitcoin (BTC) has surged over the past few days and has again passed the $10,500, the triple top level. Bitcoin continues to display extraordinary price movement after trading close to $10,300 for the better part of the day. At the time of writing this setup, the leading cryptocurrency is trading at $10,718 — up 2.9% on the day, The BTCUSD has already violated the immediate resistance area of 10,500 after violating the psychological area of 10,000. On the upper side, the BTCUSD is likely to go after 11000 levels, but before this, we may experience a slight bearish retracement in Bitcoin. The RSI and Stochastics, both are trading in the overbought zone, suggesting investors may do profit takings before making further bullish moves. Support Resistance 10401.74 10885.72 10104.25 11072.21 9620.27 11556.19 Pivot Point 10588.23 BTC/USD violated the resistance level of 10,450 to reach below the next target level of 10,850. For the moment, the BTCUSD is trading at 10550 and is likely to gain support around 10440. Above this, BTCUSD is likely to trade bullish until 10850, and below 10440, the BTC can slip further until 10285. The EUR/USD currency pair remained its 6-day losing streak, which was the longest in 5 months and the pair may increase above 1.10 during the European session. The EUR/USD currency pair formed a Dragonfly Doji candle yesterday, which is leaving hints of indecision and potential trend reversal. When the candle forms at the bottom of a downtrend, as is the case with EUR/USD currency pair, that is considered an indication of a bullish reversal. Therefore, the chances o the EUR/USD pair returning the former support-turned-resistance of 1.10 is high. The European Central Banks approved President Lagarde is scheduled to deliver a speech at 07:00 GMT. The next Europan Central Bank President Christine Lagarde will be questioned by European Parliament lawmakers about how she plans to control the monetary policy. However, the break above 1.10 will likely continue to elusive if President Christine Lagarde will repeat his point that monetary policy needs to remain highly accommodative and also shows aggressiveness to use all ways to counter the economic recession and weaker inflation. Support Resistance 1.0938 1.0991 1.0905 1.1012 1.0852 1.1065 Pivot Point 1.0959 The EUR/USD has reversed as investors seem to do profit-taking ahead of big news today. The EUR/USD is now likely to face resistance at 1.0982, and the violation of this level can extend bullish rally until 1.1020. On the lower side, the immediate support prevails around 1.0965 and 1.0935. Today in the early Asian session, the GBP/USD currency pair stepped on the recovery track and took the buying to 1.2110 ahead of having seen the United Kingdom parliaments support to avoid a no-Brexit deal. During the Asian session, the British lawmakers gave the vote in favor of the motion that the UK Prime Minister Boris Johson will push to seek the Brexit deadline reprieve from 31 October to end of January, Besides this also leaving the chances open for the further delay until making a deal with the bloc. Between all supporters of the moton, twenty-one Tory Rebels including ex-Chancellor Philip Hammond they all have wasted their interest. As well as PRime Minister Brosi Johnson has declared that he will call for a motion in the order of support early election which is due in mid-October. On the other hand, Monthly Services Purchasing Managers Index numbers for August will also be the key to direct near-term the pair moves. Therefore, on the flip side the United States and China trade war news and Federal Reserve policymaker's comments, including the Federal Reserve Bank of St. Louis President James Bullard and Federal Reserve of Chicago President Charles Evans, will be important to watch. Support Resistance 1.1992 1.2147 1.1897 1.2209 1.1742 1.2364 Pivot Point 1.2053 The GBP/USD pair plunged to 1.1957 its lowest since October 2016, solely to reach about 150 pips and settle in the 1.2080 price region. The Sterling is all about the armed fight between UK PM Johnson and the Parliament these days. TheGBP/USDpair is hanging just above the 1.2100 level, and the 4 hours chart shows that the recovery stalled below all of its moving averages, with the 50 EMA maintaining its bearish slope below the larger ones. Technicalindicatorshave recovered from extremely oversold scenario but have entered the oversold region now The pair would likely respond distinctly to Brexit-related headlines, with a break beyond 1.2140 now expected to confirm a technical extension toward 1.2200.

Keeping your money idle doesn’t make any sense. If you tend to keep most of the cash in your bank, but don’t want to invest in fruitful schemes, it will never grow. You will not have enough money after you retire, and that might lead to several financial crises. Every investment scheme has some kind of risk, but you should opt for the ones that have comparatively lower chances of failure. This guide will help you in every step to explore the different safe and low-risk investments you should consider. This is the first thing you should do before making an investment. Find the nearest reliable bank branch around your area that provides a reasonable interest rate and visit with the following documents: Tell the bank representatives that you want to open a savings account. This will help to make low-risk investments quickly. Different banks have different procedures like taking photocopies of KYC documents, enabling biometrics, and so on. Once you go through all the paperwork and procedures, make your initial deposit. Your bank account will get credit with the respective amount. You are now eligible to invest in some of the popular low-risk investments. Millions of traders and investors invest in stocks, Forex, and cryptocurrencies. But, these industries are highly volatile. Marketing Director David Muscat Fenech Adami says, “You never know when the market comes crashing down. On the flip side, if the market is going up, you can become a millionaire within a few days. But, it’s more like gambling if you don’t know the tricks of this trade. So, it is better to avoid such ludicrous offers. You should concentrate on some of the safer investment schemes.” They might not provide such massive returns, but there are low risks of losing money too. The primary thing that you need to consider is preserving your capital. Additionally, your capital should also provide a steady flow of income in the form of interest from the investment scheme. So, without wasting any more time, let’s take a look at some of the low-risk investment options. When it comes to safe investment options, this one tops the list. Certificates of deposit don’t provide thousands of bucks as interest every month, but the risks are lesser too. That means your initial deposit will remain safe no matter what. Many banks provide certificates of deposits starting from $1000. This investment scheme supports the saying that something is better than nothing. Instead of keeping your money buried in your house, it is best to invest in certificates of deposit. Make sure you compare the rates offered by different banks before spending. You can also invest in several CDs in various banks to spread the risk. Although the returns are slightly lower than other investment schemes, you can have peace of mind that your money is going nowhere. Many people say that CDs and savings accounts are the same. Well, CDs provide a better interest rate. So, you can transfer your money in your savings account to different certificates of deposits. FDIC also insures almost $250,000 per account per user. You can invest in various CDs in different banks and also get insurance coverage on them for over $250,000. Since they usually have a fixed rate of interest, you will have an idea about the money you are most likely to receive after the end of the CD period. These US Government-certified securities include notes and bills, treasury bonds, I Savings Bond, and Series EE/E. They are also some of the safest instruments that you can invest in. However, instead of opening a bank account, you should ideally open an account with the treasury. This eliminates the need to transfer your saving account money to the treasury account after following a string of paperwork. If this is your first time investing in treasury issued securities, you can start with as low as $25 or $100 on savings bonds or notes and bills. The US government calls this scheme “full faith and credit” because of the low-risk investment options. You can expect an interest similar to certificates of deposits, but sometimes the rates are higher too. So, you should always compare the rates of different treasury bonds, I Savings bond, etc. before investing. Treasury issued securities are widely popular for their high degree of safety and security. The US government will repay you with a reasonable interest no matter what the economic condition of the country is. You can invest in several of these securities to make sure you get interests from various bonds. This is a slightly riskier investment model than treasury issued securities and certificates of deposits. However, it is still considered a safer option by investors. The interest rates fluctuate depending on the company’s condition. For example, if you invest in ABC Company’s mutual funds, and its overall market reputation is quite stable now, you are more likely to earn a significant amount of return. On the other hand, if the company’s condition is not quite great, you should hold on to your investments longer. Money market mutual funds are ideal for short-term investments. Mutual fund companies have analysts, traders, and professional researchers who can help them invest the money they collect from mutual funds to make more cash. The more they earn, the more you make. Many companies also pay dividends to investors as a token of appreciation. Remember, this is a small-term investment scheme. You will need to keep an eye on the mutual fund company’s interest rate fluctuations all the time. For example, you invest $1000, and according to the mutual fund scheme, you should earn approximately 10% interest. But, since this is a variable rate, you can’t say for sure that you will receive $1100 after one year. In fact, the interest can go higher than 10% too. So, the moment it hits 10% or goes slightly higher, sell your mutual funds. Investing in reputable companies will reduce the risks of losing money. However, you should study the rate fluctuations of the mutual fund company before investing. This is more like a life insurance policy; only you can enjoy the benefits while you are still alive. A fixed annuity consists of a contract between you and an insurance company. You pay them a certain sum of money, and they will pay you a guaranteed return after a few years. Depending on the contract, you can either pay the money in full or in installments. It is better to pay them as installments so that you don’t block all the cash at one place. Ideally, you should spread your investments in several of the options mentioned above, receive the interests from these schemes, and use that interest to pay for the installments of fixed annuities. However, once you invest in a fixed annuity, you will not be able to withdraw money during an emergency. Unlike a money market account or even your savings bank account where you have access to cash, this one prevents you from using your money. But, the advantage of fixed annuities is profound. The interest rate is significantly higher than the other investment options mentioned above. Also, the interests you receive from fixed annuities are tax-deferred. Since the insurance company locks your rate of return, you shouldn’t think of withdrawing money now and then. For example, you invest $2000 on a fixed annuity scheme for 10 years with 8% interest rate. You will receive $3600 at the end of ten years. Like government bonds, companies also issue various bonds that have different interest rates. The ones with high interest come with a higher risk, and the one with low interest has a low risk. Many investors also call low-risk corporate bonds as junk bonds. But, whatever the name is, these low-risk bonds are beneficial for people who don’t have experience in investment schemes. Although the interest rates are significantly lower than the high-risk bonds, you have an assurance that your money is safe. You should follow the same rule as money market mutual funds while investing in corporate bonds. Go through a list of reputable companies that provide stable returns. You wouldn’t want to invest in corporate bonds that promise higher returns, but don’t meet the expectations because of the volatile market conditions. It is wise to invest in a scheme that lasts for a short period. This will help you understand whether the company is reliable or not. With so many safe and low-risk investment options available, it is high time you think of using your money in something worthwhile. No one will pay you unless you work hard. But, these investment schemes can. So, invest wisely, and always read the offer documents of the plan carefully before investing.